Yousef Hussain Kamal Al Emadi
Yousef Hussain Kamal | |
|---|---|
 Kamal in 1999 | |
| Minister of Economy and Finance | |
| In office 16 February 1998 – 26 June 2013 | |
| Prime Minister | Hamad bin Jassim bin Jaber Al Thani |
| Preceded by | Mohammad bin Khalifa Al Thani |
| Succeeded by | Ali Sharif Al Emadi |
| Personal details | |
| Born | 1 January 1948 Doha, Qatar |
| Alma mater | Cairo University |
Yousef Hussain Kamal (Arabic: يوسف حسين كمال; born 1948) is a Qatari economist and politician who served as the Minister of Economy and Finance from 1998 to 2013.
In addition to his ministerial role, he played a significant part in the governance of key financial and industrial institutions. He chaired several major institutions, including Qatar National Bank (QNB), Qatar Steel, RasGas, and the Qatar Financial Centre. Additionally, he served on the boards of Qatar Airways as a board member, the Qatar Investment Authority (QIA), and the Qatar Central Bank.
Education[edit]
Kamal received a bachelor's degree in business administration from Cairo University.[1]
Career[edit]
Yousef Hussain Kamal began his career in 1973 as a section chief at the Ministry of Finance and Petroleum.[2] Over the years, he ascended through various key positions, including Director of Financial Affairs and under Secretary of the Ministry of Finance, Economy, and Commerce before being appointed as Minister of Finance in 1998, a position he held until 2013.[3]
During his tenure as Minister of Finance, Kamal played a crucial role in implementing numerous fiscal policies that attracted foreign investments and bolstered Qatar's economic stability. Notably, in 2009, he oversaw the introduction of a transparent and equitable income tax law, which improved investor confidence and streamlined tax registration and filing procedures.[4][5] He emphasized performance-based budgeting to facilitate targeted and transparent economic development initiatives, ensuring that government and private sector investments complemented rather than competed with each other.[6]
Kamal's influence extended beyond the Ministry of Finance. He chaired several prominent institutions, including Qatar National Bank (QNB), Qatar Steel, RasGas, Qatar Financial Centre Authority, and the Doha Securities Market.[1] He also served on the boards of Qatar Airways, the Qatar Investment Authority (QIA), Qatari Diar Real Estate Investment Company, and the Qatar Central Bank. His leadership roles in these institutions underscore his significant impact on various sectors of Qatar's economy.[7]
In addition to his ministerial and board roles, Kamal was involved in key economic reforms and initiatives aimed at diversifying Qatar's economy and reducing its dependence on hydrocarbons.[8][9] His efforts included promoting investments in education, healthcare, and scientific research, aligning with Qatar's National Vision 2030.[10] He also played a pivotal role in navigating Qatar through the 2008 global financial crisis by implementing unconventional measures to stabilize the economy, such as issuing bonds and buying stakes in banks.[11]
Kamal's contributions to Qatar's economic development have been widely recognized. In 2011, he was named the Best Finance Minister in the Middle East and North Africa by Euromoney.[12] His strategic thinking and financial acumen have left a lasting legacy on Qatar's economic policies and institutions.[13]
Overall, Yousef Hussain Kamal's career is marked by a commitment to enhancing Qatar's fiscal policies, promoting economic diversification, and ensuring long-term financial stability. His extensive experience and leadership in various key institutions have made him a central figure in Qatar's economic development.
Awards[edit]
Kamal won the Euromoney Emerging Markets award for Best Finance Minister in the Middle East and North Africa in 2011.[14]
References[edit]
- ^ a b "Attendees". Qatar 40 years. Retrieved 28 June 2013.
- ^ "Profile of Y. H. Kamal". Businessweek. Archived from the original on 29 June 2013. Retrieved 28 June 2013.
- ^ "QFC Authority Board". Qatar Financial Centre. Retrieved 17 August 2013.
- ^ "Overview of fiscal reforms". Oxford Business Group. Retrieved 10 June 2024.
- ^ "Qatar's tax law improvements". The Worldfolio. Retrieved 10 June 2024.
- ^ "Performance-based budgeting in Qatar". Financial Centres International. Retrieved 10 June 2024.
- ^ "Kamal's board roles". MarketScreener. Retrieved 10 June 2024.
- ^ "Qatar's economic diversification efforts". Oxford Business Group. Retrieved 10 June 2024.
- ^ "Qatar's diversification strategies". The Worldfolio. Retrieved 10 June 2024.
- ^ "Kamal's vision for Qatar". Ministry of Finance Qatar. Retrieved 10 June 2024.
- ^ "Qatar's financial crisis response". MarketScreener. Retrieved 10 June 2024.
- ^ "Euromoney awards". The Worldfolio. Retrieved 10 June 2024.
- ^ "Kamal's legacy". MarketScreener. Retrieved 10 June 2024.
- ^ "HE Yousef Hussain Kamalnamed Best Finance Minister in MENA". Zawya. 27 September 2011. Retrieved 28 June 2013. [permanent dead link]
External links[edit]
Media related to Yousef Hussain Kamal Al Emadi at Wikimedia Commons
